Lactalis Invests $75m in US Factories, Creating Jobs and Boosting Local Economy

Lactalis is investing $75m in two New York factories, creating 50 jobs. The projects receive $1.3m in tax credits. CEO Esteve Torrens states the upgrade will secure 800 full-time jobs. The Walton and Buffalo facilities process 800 million pounds of milk yearly. Buffalo will receive $60m for upgrades, creating 20 jobs.

New York Governor Kathy Hochul praises Lactalis for job retention. The investment will benefit local dairy farmers and strengthen the region’s economy. Lactalis has 11 US facilities and plans to acquire General Mills’ US yogurt business. The French dairy giant is also bidding for Fonterra’s assets in Australia.

Lactalis is committed to growth in the US, with ongoing investments in facilities and acquisitions. The company’s expansion efforts aim to support local communities and enhance its product offerings. The dairy manufacturer’s focus on job creation and economic development reflects a strategic approach to sustainable growth.

Read more at Yahoo Finance: Lactalis boosts staff numbers in US with two factory investments